§6–605.

    (a)    A credit union may make a loan, including a business loan, to a member with or without security in accordance with the written lending policies established by the board that cover all secured and unsecured loans.

    (b)    A credit union may accept as security for a loan:

        (1)    An endorsed note;

        (2)    A note secured by a lien on real, leasehold, or personal property;

        (3)    An assignment of shares or deposits in the credit union; or

        (4)    Any other kind of security that is approved by the Commissioner.

    (c)    The Commissioner may review the lending policies of the credit union and order changes.